Milwaukee
, Wis. – According to Freddie Mac, the average 30-year fixed rate mortgage (FRM) hit 2.65 percent in January 2021. That means it’s the lowest it’s been in decades. Many homeowners are rushing to take advantage of record-low rates to refinance their home, in hopes of saving money or increasing their monthly cash flow. The following tips can help you decide whether refinancing your home is the best option for you.
What does it mean to refinance?
Refinancing your home is when you replace your existing mortgage with a new loan. According to ConsumerFinance.gov, there are three main reasons homeowners choose to refinance:
Milwaukee, Wis. – Scams can impact every business, regardless of location, size, or industry. But they are especially a problem for small businesses. Local businesses and start-ups often don’t have the cybersecurity support or established accounting processes of larger companies. This can make them more vulnerable to scams.
Fortunately, knowledge is the best protection. If you own or work for a small business, be sure to stay informed about these common scams and report them if your business is targeted.
Common small business scams:
Business Email Compromise (“BEC”). Business email compromise fraud is an email phishing scam that typically targets people who pay bills in businesses, government, and nonprofit organizations. It has resulted in more losses than any other type of fraud in the U.S., according to the Federal Bureau of Investigations.
Milwaukee
, Wis. – A rental car shortage is causing prices to skyrocket, and scammers have found a clever way to cash in. BBB Scam Tracker is receiving reports of con artists impersonating rental car company representatives. They claim to be able to get you a deal on your rental, but it’s really a way to trick you into paying hundreds of dollars for a car that doesn’t exist.
How the Scam Works
You search for a rental car company online and dial the phone number that appears at the top of the results. A “customer service representative” answers and explains that you are in luck! The company is offering a special promotion. If you pay for your rental upfront using a gift card or prepaid debit card, you can get a significant discount.